ID theft on the rise again

ID theft on the rise again
News
Wednesday, February 20, 2013 - 8:17pm

After a two year decline identity theft is back on the rise.

According to a survey by javelin strategy and research, some 12.6 million Americans were victims of ID theft last year. 

That's the second-highest total of ID victims since the Federal Trade Commission began keeping track of victims in 2003and roughly 1 million more than in 2011. 

The increase was driven by more-serious forms of ID theft such as new account fraud, where criminals use a victim's personal information to open new credit card accounts and other kinds of loans. 

New account fraud jumped by 50 percent. 

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